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This year, State A raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. Because of the increase the volume

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This year, State A raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. Because of the increase the volume of taxable sales declined from $914 million to $804 million. In contrast, State Z raised revenues from its 5 percent sales tax by expanding the tax base to include certain retail services. The volume of services subject to tax was $57 million Required: a. Compute the additional revenue raised by State A. b. Compute the additional revenue raised by State Z. Complete this question by entering your answers in the tabs below. Required A Required B Compute the additional revenue raised by State A. (Enter your answers in dollars not in millions of dollars.) Additional revenue Required A Required B > Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 6.1 million boards at a $2.20 material cost per unit Wallis's labor and overhead added $0.44 to the cost per unit. Wallis sold the boards to various customers for $3.30 per unit for a net profit of $0.66 per unit. Required: How much VAT does Wallis Company owe? (Enter your answer in dollars not in millions of dollars.) VAT

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